Tuesday, July 15, 2008

GM to cut salaried workers, production, dividend - Yahoo! News

GM to cut salaried workers, production, dividend - Yahoo! News: "GM to cut salaried workers, production, dividend By TOM KRISHER and DEE-ANN DURBIN, AP Auto Writers
47 minutes ago

DETROIT - General Motors Corp. said Tuesday it will lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather a severe downturn in the U.S. market."

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